Stocks to Watch for February 2, 2016

( click to enlarge )
Puma Biotechnology Inc (NYSE:PBYI) has been forming a falling wedge pattern and printed a bullish reversal candle today near the apex of the wedge. Some indicators are also giving first buy signals with the MACD pointing to a possible crossover. If it breaks the 43.50 level tomorrow, the bounce could be powerful.

( click to enlarge )
Intrexon Corp (NYSE:XON) finished the day up 7.93% on high volume of over 3 million of shares exchanging hands on the day. The stock appears to be under accumulation again. The MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. Key resistance is now located at $32.72, a break above this level will confirm the bullish trend and the following uptrend will take price up to $36 zone initially.

( click to enlarge )
BlackBerry Ltd (NASDAQ:BBRY) I continue to support the idea of a significant rally here. The technical daily chart shows possible new rally as %K line is back above %D line, while the MACD is also gaining strength. The stock needs to break out above $7.16 to go higher.

( click to enlarge )
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) Potential bottom setup. I would like to see significant volume show up and a strong close above its declining EMA9 to confirm a proper technical buy signal. This stock is still on my radar as I continue to believe that ZIOP has strong potential from technical as well fundamental point of views.

( click to enlarge )
Macy's, Inc. (NYSE:M) Keep an eye for a possible breakout over $41.80. The daily technical chart still showing a bullish bias.

( click to enlarge )
Starbucks Corporation (NASDAQ:SBUX) Setting up nicely for new highs. Daily technical indicators are back in bullish zones. The MACD is negative but is rising above its signal line. The RSI has moved above its 50% level and the Slow stochastic is rising towards its overbought zone. A continuation of this rally is likely.

( click to enlarge )
LinkedIn Corp (NYSE:LNKD) broke out today of a short-term bottoming pattern and closed near the highs of the day, with strong volume. The technical daily chart shows bullish signal as %K line is on top of %D line and the MACD has just crossed the signal line, indicating a buy signal.
I would like to remind everybody that Benzinga Pro is one of my streaming plataforms. It delivers real-time financial news straight to your desktop. Take it for a try today HERE It's the best financial tool for traders. I recommend this tool to all my readers/friends due to its functionality/speed and reliability.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.